TechFlow news, according to CoinDesk, analysts from Japan's cryptocurrency exchange bitBank said that the U.S. approval of spot Bitcoin ETFs is a long-anticipated event whose impact has already been fully priced in, making it potentially a short- to mid-term price peak. bitBank believes $40,000 represents a support level for Bitcoin’s short-term price.
Alex Kuptsikevich, market analyst at FxPro, said in an email that given Bitcoin’s price performance of over 150% in 2023, a pullback to at least $40,000 is "within the typical range of correction."




